Kroma Network Unveils Spectrum: Revolutionary Staking Service to Transform DeFi

Kroma Network, an innovative Layer-2 blockchain platform, has unveiled Spectrum, a pioneering staking service designed to transform the Ethereum DeFi landscape. Set to launch on May 14th, 2024, Spectrum offers enhanced staking opportunities for ETH, stETH, and eETH, empowering users to maximize yield within the DeFi ecosystem.

Kroma Network Unveils Spectrum: A Revolutionary Staking Service Transforming DeFi

London, United Kingdom - May 8, 2023 - Kroma Network, a cutting-edge blockchain platform, has officially announced the launch of Spectrum, a highly anticipated native staking service poised to disrupt the Ethereum Layer-2 ecosystem. Spectrum's official launch date is set for May 14, 2024, empowering users to harness the full potential of staking ETH, stETH, and eETH within the dynamic realm of decentralized finance (DeFi).

A Paradigm Shift in DeFi

Spectrum emerges as a transformative force within DeFi, introducing spETH, a proprietary risk-taking token designed for synthetic assets. By leveraging spETH, users can maximize the liquidity of their staked Ethereum assets while unlocking a myriad of trading opportunities and additional earning avenues across DeFi protocols and applications.

The integration of key decentralized applications (dApps) such as Standard Protocol, Light Bank, Layer Bank, Shoebill, Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance underscores Spectrum's commitment to fostering a robust and ever-expanding ecosystem. This strategic integration lays the groundwork for further collaborations, amplifying the platform's value proposition.

Distinctive Features of Spectrum

Setting itself apart from traditional staking platforms, Spectrum introduces the groundbreaking "Hexa Reward" system, offering six distinct rewards to its users. These rewards encompass Ethereum APR, restaking rewards, EigenLayer Points (ELPs) for staking Ethereum assets, Etherfi loyalty points, Kroma Spectrum Points (KSPs), and wemix.e airdrop. Kroma will airdrop 40,000 wemix.e based on accumulated KSPs, introducing a novel re-staking reward mechanism.

A Unique Ecosystem for Growth

Spectrum's robust infrastructure has garnered widespread attention, solidifying its position as a frontrunner in the DeFi arena. Participants actively contributing to the Spectrum ecosystem are rewarded with KSPs, which can be earned through holding spETH or engaging in spETH-integrated device services and games on Kroma. KSPs hold the potential to be exchanged for KRO tokens upon their release.

Early Access and Collaborative Partnerships

To commemorate the launch, Spectrum will host a special two-week early access event, offering double KSP points to enhance rewards for stakers. Furthermore, Kroma Network remains committed to collaborating with high-caliber projects, leveraging its expertise to expand the Spectrum ecosystem.

About Spectrum

Spectrum, a native staking solution developed by Kroma Network, empowers users with exceptional payouts through restaking, while enabling them to utilize staking tokens across a wide range of games and DeFi platforms within the Kroma ecosystem. Built on a Layer-2 blockchain platform, Spectrum addresses the scalability limitations of Ethereum, ensuring robust security and unwavering decentralization. The platform initially adopts an Optimistic Rollup with zkEVM, with plans to transition to a full ZK Rollup model in the future.

For Further Information

To stay abreast of the latest developments, access the official Spectrum website and follow Kroma Network's Medium, Discord, and X channels for regular updates. Additionally, a dedicated Referral Program is available for interested individuals.

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